Bank Clerk Interview Questions and Answers

A credit score is crucial in banking as it assesses an individual's creditworthiness and influences lending decisions.

• Determines loan eligibility: A higher credit score increases the chances of loan approval.

• Influences interest rates: Borrowers with better scores often receive lower interest rates, saving money over time.

• Affects credit limits: Higher scores can lead to larger credit limits on credit cards and loans.

• Impacts insurance premiums: Some insurers use credit scores t...read more

A bank is a financial institution that accepts deposits from the public and provides loans and other financial services.

• Banks accept deposits from individuals and businesses.

• Banks provide loans to individuals and businesses.

• Banks offer various financial services such as credit cards, mortgages, and investment products.

• Banks facilitate money transfers and provide safekeeping of valuables.

• Banks play a crucial role in the economy by promoting savings, facilitating transactions, ...read more

The loan approval process involves assessing borrower eligibility, creditworthiness, and risk before disbursing funds.

• Application Submission: Borrowers submit a loan application with personal and financial details.

• Credit Check: Banks perform a credit check to evaluate the borrower's credit history and score.

• Income Verification: Lenders verify the borrower's income through pay stubs, tax returns, or bank statements.

• Risk Assessment: Banks assess the risk of lending by analyzing...read more

The CEO of HDFC Bank is Sashidhar Jagdishan, who took over the role in October 2020, succeeding Aditya Puri.

• Sashidhar Jagdishan has been with HDFC Bank since its inception in 1994.

• He previously served as the Group Head of Finance, Human Resources, and Legal.

• Under his leadership, HDFC Bank has focused on digital banking and customer service enhancements.

• Jagdishan has a strong background in banking and finance, holding an MBA from the Indian Institute of Management, Calcutta.